1/18/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada has some difficult realities to weigh ahead of its Jan. 26 interest rate decision. ... More

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  1/12/2022 | Posted in Interest Rates by Jason Codell
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Economists at J.P. Morgan expect the Bank of Canada will raise its benchmark interest rate at its Jan. 26 meeting, ahead of the central bank’s own timeline for liftoff. ... More

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  1/12/2022 | Posted in Interest Rates by Jason Codell
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Bank of Canada needs to take “rapid action” with multiple interest rate increases to bring inflation under control. ... More

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  1/11/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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Robust jobs market recovery in December might sufficiently motivate the Bank of Canada to implement rate hikes sooner. ... More

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  12/29/2021 | Posted in Mortgages and Real Estate by Jason Codell
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By all accounts the Bank of Canada is set to make money more expensive in 2022 ... More

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  12/19/2021 | Posted in Interest Rates by Jason Codell
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With inflation surging, the Bank of Canada is likely to change its interest rate guidance in the new year so that it has the option to raise borrowing costs earlier than planned ... More

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  12/8/2021 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada is keeping its key interest rate target on hold at its rock-bottom level of 0.25 per cent. ... More

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  12/7/2021 | Posted in Interest Rates by Jason Codell
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Some economists think the central bank should move rate hikes up to early 2022 ... More

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  11/19/2021 | Posted in Mortgage Interest Rates by Jason Codell
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Financial markets may be pricing in the first interest rate hikes as early as March, but they shouldn’t be too confident about that timing. ... More

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  11/16/2021 | Posted in Mortgage Interest Rates by Jason Codell
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Governor says team remains focused on inflation target as risks around price pressures increase ... More

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  11/2/2021 | Posted in Mortgage Interest Rates by Jason Codell
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A prominent Bay Street economist said homebuyers should start preparing sooner rather than later. ... More

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  11/2/2021 | Posted in Mortgage Interest Rates by Jason Codell
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The Bank of Canada will likely raise its benchmark interest rate four times by 2024. ... More

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  10/27/2021 | Posted in Interest Rates by Jason Codell
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The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent. ... More

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  10/19/2021 | Posted in Interest Rates by Jason Codell
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Expectations for the first interest rate hike have moved up to as early as April as inflation concerns grow and supply disruptions persist. ... More

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  10/16/2021 | Posted in Financial Health by Jason Codell
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Nearly 35% of Canadians are worried that higher interest rates could push them into bankruptcy ... More

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  9/8/2021 | Posted in Mortgage Interest Rates by Jason Codell
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The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic recovery. ... More

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  7/14/2021 | Posted in Mortgage Interest Rates by Jason Codell
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The Bank of Canada has announced in its July statement that it will hold its target for the overnight rate at the effective lower bound of 0.25%, staying the course on its ... More

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  6/20/2021 | Posted in Mortgage Interest Rates by Jason Codell
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With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next tightening cycle, expected to begin in 2022, will result in ... More

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  6/9/2021 | Posted in Canadian Economy and Interest Rates by Jason Codell
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Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing ... More

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  5/19/2021 | Posted in Mortgages and Real Estate by Jason Codell
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The Bank of Canada may have to adjust its view of its long-term neutral policy rate once a torrent of pent-up household savings is unleashed once pandemic restrictions are eased ... More

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  5/12/2021 | Posted in Home Buyers by Jason Codell
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Canadians are so alarmed by the red-hot housing market that many say they’d like to see the central bank raise the cost of borrowing to dampen demand for real estate and ... More

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  4/22/2021 | Posted in Interest Rates by Jason Codell
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Bank of Canada announced that it will hold its target for the overnight rate at the effective lower bound of 0.25%, and that it will be adjusting its weekly net purchases of ... More

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  4/21/2021 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada announced that it will pare back asset purchases by one-quarter and indicated that it’s moving up its expected timeline for interest-rate hikes, citing a ... More

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  4/8/2021 | Posted in Home Buyers by Jason Codell
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Canada's financial regulator, which has been planning changes in its four-year-old mortgage stress test, on Thursday proposed making it tighter, following concerns that the ... More

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  3/11/2021 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023. ... More

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  3/10/2021 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus campaign. ... More

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  1/20/2021 | Posted in Mortgage Interest Rates by Jason Codell
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In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5% percent and ... More

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  1/13/2021 | Posted in Mortgage Interest Rates by Jason Codell
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Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 cases ... More

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  12/11/2020 | Posted in Mortgage Interest Rates by Jason Codell
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Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates ... More

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  12/9/2020 | Posted in Mortgage Interest Rates by Jason Codell
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%. ... More

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